Prime Bank and online marketplace Ajkerdeal have joined hands to facilitate MSME financing to e-commerce merchants without any collateral.

As per an alliance formed recently, the merchants of Ajkerdeal will avail easy access to MSME loan from Prime Bank, according to a press release.

Eligible merchants of Ajkerdeal can now enjoy collateral free loan up to Tk 50 lakh and other tailor-made financial solutions.

The merchants can also avail a wide range of  deposit products and free Internet Banking – ALTITUDE - for conducting broad range of e-transactions.

They will need two-year business experience and recommendation letter from Ajkerdeal.

The MSME entrepreneurs can apply for loan from the comfort of their office or home as Prime Bank has assigned dedicated Relationship Manager for exclusive service to the valued merchants of Ajkerdeal.

Under the arrangement, the merchants will also get working capital (CC, OD and Demand Loan), Term Loans for Fixed Asset Purchase and Capital expenditures, International Trade solution- LC, LATR, IDBP etc., Bank Guarantee, Work Order etc.

The alliance between Prime Bank and Ajkerdeal is aimed at encouraging MSME businesses to conduct business through digital platform. Prime Bank and Ajkerdeal will work together to cater to banking needs of MSME businesses and facilitate their financial upliftment.